-
The book correctly identifies some of the reasons why this does not happen in poor countries, where companies often fail to understand their customers and lack knowledge of their relative position in an industry.
ECONOMIST: Fish out of water
-
We should reject the sometimes implied disdain for applied, practical research relative to basic in in advancing basic knowledge.
FORBES: Barack Obama's BRAIN Initiative Vs. Bioengineered Gills And One-Wheeled SegWays
-
Some of these collaborations are documented, such as the assistance of George Graham, who shared his vast knowledge of how metals are affected by the relative heat or cold of different latitudes.
FORBES: Magazine Article
-
There are limits to monetary policy: the Fed does not have the knowledge to bring about full employment, which requires flexible relative prices for all factors of production.
FORBES: Ben Bernanke's QE4: Another Step Toward Helicopter Money, And Away From Freedom
-
The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge.
FORBES: Let's Move Beyond This Incident: Pollution, Local News and Responsible Investing
-
Many Japanese SMEs have the technology and knowledge base, yet are capital-poor with exorbitantly high labor and materials operations costs relative to Chinese firms.
FORBES: The 'Chapan' M & A Wave
-
The chart features a prominent bump, toward the low end of the knowledge spectrum, where people feel qualified to dish on a given subject, despite their relative lack of wisdom.
FORBES: Want To Make Good Decisions? Avoid Mount Stupid